CYRC (Container Yard Receiving Charge)
Container Yard Receiving Charge (CYRC) is a fee charged by shipping lines or terminal operators for receiving and storing containers at their container yard.
Container Yard Receiving Charge, short for CYRC, refers to the fee imposed on cargo containers when they arrive at a container yard for storage, processing, or onward transportation. This charge is typically levied by the container yard operator and is an integral part of the overall logistics cost.
The Purpose of CYRC
Ensuring Efficient Yard Management
One of the primary purposes of CYRC is to encourage efficient yard management. By imposing charges on containers left unattended for extended periods, container yards incentivize swift cargo pickup and drop-off, thereby preventing congestion and delays.
Revenue Generation for Container Yards with CYRC
CYRC also serves as a source of revenue for container yards. These facilities incur costs for maintaining and operating the yards, and the fees collected through CYRC help cover these expenses while ensuring profitability.